Coinbase is planning to support BCH by The end of the year! - page 2.

Caladonian

hero member

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Quote from: cpfreeplz on August 03, 2017, 10:32:46 PM

Lol so basically they're saying they could supported it now but won't. They're going to wait and see if it's even worth listing at all which obviously it won't be.

they needed to support their business and see if their will be support that will come from any exchange that will accept this coin but if there's nothing
maybe they will also goes with the flow so until then we won't know if this will help bch or not.

cpfreeplz

legendary

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Lol so basically they're saying they could supported it now but won't. They're going to wait and see if it's even worth listing at all which obviously it won't be.

nkmt

full member

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So... Coinbase will support BCH in the next FIVE months. It's likely that BCH will be trading in the sub-$100 range by 2018, or much sooner.

piloder

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Quote from: Wind_FURY on August 03, 2017, 09:23:00 PM

I believe the rest of the exchanges will try to help Bitcoin Cash get traction by not opening their exchanges for BCH deposits to disallow people to dump their coins. It is also in their best interest because if a coin dies that means lesser profit for them. BCH/BTC has the potential to be a volume heavy trading pair.

Many of the exchange platform have already enabled deposit/withdrawals for bitcoin cash like bittrex, yobit and you can see already many have dumped their free BCH.

Quote

In the meantime, customer bitcoin cash will remain safely stored on Coinbase.

This looks quite promising but I think coinbase will dump it hard on other exchanges before buying it for customers. Grin

BlockEye

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Bounty Mngr & Article Writer https://goo.gl/p4Agsh

Quote from: Manuj on August 03, 2017, 09:54:45 PM

Let us wait and see whether Coinbase supporting BCH will be of great help to the pricing of BCH. That would be almost half a year from now.

The hype of BCH is over and the price is now depleted. Coinbase will not support this once the trading volume is lower as the volume since the BCH was release.
Later it will be just a normal altcoin just like what happened to BTU. Many are hoping that BCH price will be same as BTC which is far to happened in my opinion.

Xenrise

sr. member

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I think that supporting bch in coinbase will result to a better service and it will be more reliable for other users. Well coinbase is like having 2 wallets. Bitcoin and ethereum. And now it is great for them to add another one for all of us. We will no longer rely on poloniex. Well it has so many issues right now. But coinbase is so trustworthy that makes many people rely on it.

sylance

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Quote from: xmod4u on August 03, 2017, 10:01:20 PM

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We made this decision based on factors such as... trading volumes...

yup indeed. lol

By trading volume, you mean lawsuit volume. LOL

pooya87

legendary

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Merit: 10611

haha, what happened!
i liked how they took a stance even though many didn't like or agree with it. and i liked the fact that they clearly announced it ahead of time.
but this change of heart this soon is very strange. there must be something happening. the "lawsuit" thing in the news seems like a bullshit to me though. i doubt it had any effect. so what do you think?
and by the way here is the link: https://blog.coinbase.com/update-on-bitcoin-cash-8a67a7e8dbdf

xmod4u

newbie

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Quote

We made this decision based on factors such as... trading volumes...

yup indeed. lol

Manuj

full member

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Merit: 102

Let us wait and see whether Coinbase supporting BCH will be of great help to the pricing of BCH. That would be almost half a year from now.

Bitcoin Guy

full member

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Quote from: Wind_FURY on August 03, 2017, 09:23:00 PM

I believe the rest of the exchanges will try to help Bitcoin Cash get traction by not opening their exchanges for BCH deposits to disallow people to dump their coins. It is also in their best interest because if a coin dies that means lesser profit for them. BCH/BTC has the potential to be a volume heavy trading pair.

Not sure if the exchanges will purposely do that, but I do not mind that idea. I do not like the idea of splitting Bitcoin because it create uncertainty with high risk. But what's done was done and, right now, I rather to see it survive with high value.

Wind_FURY

legendary

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I believe the rest of the exchanges will try to help Bitcoin Cash get traction by not opening their exchanges for BCH deposits to disallow people to dump their coins. It is also in their best interest because if a coin dies that means lesser profit for them. BCH/BTC has the potential to be a volume heavy trading pair.

Bitcoin Guy

full member

Activity: 350

Merit: 101

I just got this in the email. Here is an excerpt of the most important message in the email:

"Over the last several days, we’ve examined all of the relevant issues and have decided to work on adding support for bitcoin cash for Coinbase customers. We made this decision based on factors such as the security of the network, customer demand, trading volumes, and regulatory considerations.

We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time.

Once supported, customers will be able to withdraw bitcoin cash. We'll make a determination at a later date about adding trading support. In the meantime, customer bitcoin cash will remain safely stored on Coinbase."

Hopefully, the value of BCH will sustain even though it is unlikely.

Topic: Coinbase is planning to support BCH by The end of the year! - page 2. (Read 1113 times)